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Types of Subsidiary Books - SS1 Accounting Past Questions and Answers - page 1

1

Which subsidiary book records all sales transactions made on credit? 

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A

Sales book

B

Purchase book

C

Return inward journal

D

Cash book

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2

What does the petty cash book record?

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A

All small cash payments made by the business 

B

All cash transactions made by the business 

C

All transactions made through the business's bank account 

D

All goods returned by the business to its suppliers

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3

Which subsidiary book records all transactions that do not belong in any of the other books? 

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A

Sales book 

B

Petty cash book 

 

C

Bank book 

D

Journal proper

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4

What does the return outward journal record?

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A

All sales transactions made on credit 

B

All purchases made on credit

C

All goods returned to the business by customers

D

All goods returned by the business to its suppliers

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5

What is the purpose of the purchase book? 

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A

To record all sales transactions made on credit

B

To record all purchases made on credit 

C

To record all cash transactions made by the business 

D

To record all small cash payments made by the business

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6

What is the difference between the return inward journal and the return outward journal? 

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7

Why is the cash book an important subsidiary book?

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Types of Subsidiary Books - SS1 Accounting (Page 1) - EduPadi Classroom